Media coverage about Haynes International (NASDAQ:HAYN) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Haynes International earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 46.5580346682759 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Handy & Harman (HNH) versus Haynes International (HAYN) Financial Analysis (americanbankingnews.com)
- Haynes International, Inc. :HAYN-US: Earnings Analysis: Q3, 2017 By the Numbers : October 11, 2017 (finance.yahoo.com)
- Key Brands International Names Vanessa Haynes as Director of Sales and Marketing (streetinsider.com)
- Nickel Alloys Global Market by End User, Opportunities, Analysis and Forecasts to 2023 (emailwire.com)
- Why You Need to Be a Good Storyteller to Attract Top Talent (inc.com)
Shares of Haynes International (HAYN) traded down 0.19% during trading on Thursday, reaching $37.16. 81,576 shares of the company’s stock were exchanged. Haynes International has a 12-month low of $28.97 and a 12-month high of $48.37. The company’s market capitalization is $460.78 million. The stock has a 50-day moving average price of $33.36 and a 200 day moving average price of $35.16.
Haynes International (NASDAQ:HAYN) last posted its quarterly earnings results on Thursday, August 3rd. The basic materials company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). The company had revenue of $97.98 million during the quarter, compared to analyst estimates of $97.54 million. Haynes International had a negative net margin of 0.84% and a negative return on equity of 1.59%. Haynes International’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS. Equities analysts expect that Haynes International will post ($0.77) EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Wednesday, August 30th. Haynes International’s dividend payout ratio is currently -314.29%.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Haynes International from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 11th. ValuEngine downgraded shares of Haynes International from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a $26.00 target price (down from $33.50) on shares of Haynes International in a report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $36.50.
Haynes International Company Profile
Haynes International, Inc (Haynes) is a producer of nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries.
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